Gold Fields Limited $GFI Shares Sold by Clark Capital Management Group Inc.

Clark Capital Management Group Inc. trimmed its holdings in shares of Gold Fields Limited (NYSE:GFI) by 48.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,194,172 shares of the company’s stock after selling 1,103,834 shares during the period. Clark Capital Management Group Inc. owned about 0.13% of Gold Fields worth $52,138,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Gold Fields by 1.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,003 shares of the company’s stock worth $786,000 after purchasing an additional 251 shares in the last quarter. Harbour Capital Advisors LLC lifted its position in shares of Gold Fields by 0.5% during the fourth quarter. Harbour Capital Advisors LLC now owns 50,525 shares of the company’s stock worth $2,201,000 after purchasing an additional 265 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Gold Fields by 47.1% during the third quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after purchasing an additional 273 shares in the last quarter. Mark Sheptoff Financial Planning LLC lifted its position in shares of Gold Fields by 24.0% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 1,552 shares of the company’s stock worth $68,000 after purchasing an additional 300 shares in the last quarter. Finally, Bridgewater Advisors Inc. lifted its position in shares of Gold Fields by 1.6% during the third quarter. Bridgewater Advisors Inc. now owns 20,692 shares of the company’s stock worth $868,000 after purchasing an additional 317 shares in the last quarter. 24.81% of the stock is owned by institutional investors and hedge funds.

Gold Fields Price Performance

Shares of NYSE GFI opened at $39.61 on Wednesday. Gold Fields Limited has a twelve month low of $22.40 and a twelve month high of $61.64. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.79 and a quick ratio of 1.33. The firm has a 50-day moving average of $42.59 and a two-hundred day moving average of $46.37.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Zacks Research raised shares of Gold Fields from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Scotiabank reduced their target price on shares of Gold Fields from $61.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, March 20th. Weiss Ratings cut shares of Gold Fields from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Canaccord Genuity Group raised shares of Gold Fields from a “hold” rating to a “buy” rating and upped their price target for the company from $40.25 to $57.25 in a report on Friday, April 24th. Finally, Wall Street Zen cut shares of Gold Fields from a “strong-buy” rating to a “buy” rating in a report on Monday, April 27th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Gold Fields currently has an average rating of “Hold” and a consensus price target of $49.75.

Gold Fields Profile

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.